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AmeriServ Financial, Inc. · Johnstown, PA United States ·(NASDAQ (GM): ASRV)

Company Description

216 Franklin St.
Johnstown, PA
15907
United States (Map)
Phone: 814-533-5300
Fax: 814-533-5427
Toll Free: 800-837-2265
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    AmeriServ Financial offers up a smorgasbord of banking services for Pennsylvanians. The company owns AmeriServ Financial Bank, which primarily serves the southwestern portion of the state through some 20 branches. Targeting individuals and local businesses, the bank offers such retail services as deposit accounts and loans. Commercial mortgages account for about 45% of its loan portfolio; residential real estate accounts for more than 35%. Additional offerings include investment management, brokerage, trust, and financial planning services. One of a handful of unionized banks in the US, AmeriServ also manages union pension funds. To read the full description, subscribe now.
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    Key AmeriServ Financial, Inc. Financials

    Company TypePublic - NASDAQ (GM): ASRV

    Headquarters
    Fiscal Year-EndDecember
    2008 Sales (mil.)$45.5
    2008 Employees379

    AmeriServ Financial, Inc. Executives

    49 executives listed for AmeriServ Financial, Inc.'s Johnstown, PA location.
    TitleName & BioContact
    ChairmanCraig FordNetwork
    President and CEO, AmeriServ Financial and AmeriServ Financial BankGlenn WilsonNetwork
    EVP and CFOJeffrey StopkoNetwork

    Competition

    Competitive Landscape for AmeriServ Financial, Inc.
    Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.
    Top AmeriServ Financial, Inc. Competitors
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